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FRST logoPrimis Financial Corp.(FRST)Earnings, Financials & Key Ratios

FRST•NASDAQ•Banking & Credit
$14.73
$364M mkt cap·5.9× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustrySpecialty finance and niche lenders
AboutPrimis Financial Corp. operates as the bank holding company for Primis Bank that provides a range of financial services to individuals and small and medium sized businesses in the United States. Its deposit products include checking, NOW, savings, and money market accounts, as well as certificates of deposits. The company also offers commercial business and real estate, construction, secured asset based, small business administration, mortgage warehouse lending products, as well as financing for medical, dental, and veterinary businesses; residential mortgage, trust mortgage, home equity lines of credit, secured and unsecured personal, and consumer loans, as well as life insurance premium financing and demand loans. It also offers cash management services comprising investment/sweep, zero balance, and controlled disbursement accounts; and wire transfer, employer/payroll processing, night depository, depository transfer, merchant, ACH origination, and remote deposit capture services. In addition, the company provides debit cards, ATM services, notary services, and mobile and online banking. As of December 31, 2021, it operated forty full-service branches in Virginia and Maryland. The company was formerly known as Southern National Bancorp of Virginia, Inc. and changed its name to Primis Financial Corp. Primis Financial Corp. was founded in 2004 and is based in McLean, Virginia.Show more
  • Net Interest Income$111M+6.9%
  • Total Revenue$313M+23.0%
  • Net Income$61M+479.2%
  • Return on Equity15.6%+467.0%
  • Net Interest Margin2.75%-2.5%
  • Efficiency Ratio44.38%-10.2%
  • ROA1.59%+469.8%
  • Equity / Assets10.45%+5.6%
  • Book Value per Share17.13+15.9%
  • Tangible BV/Share13.35+25.4%
  • Debt/Equity0.62+76.0%
Technical→

FRST Key Insights

Primis Financial Corp. (FRST) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 21.7%
  • ✓Efficient operations: 44.4% efficiency ratio
  • ✓Well capitalized: 10.4% equity/assets
  • ✓Healthy dividend yield of 2.7%
  • ✓Diversified revenue: 35.9% from non-interest income
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Weak 3Y average ROE of 3.1%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

FRST Price & Volume

Primis Financial Corp. (FRST) stock price & volume — 10-year historical chart

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FRST Growth Metrics

Primis Financial Corp. (FRST) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years21.12%
5 Years18.93%
3 Years30.2%
TTM-

Profit CAGR

10 Years20.8%
5 Years21.74%
3 Years63.15%
TTM479.16%

EPS CAGR

10 Years12.75%
5 Years21%
3 Years63.47%
TTM484.22%

Return on Capital

10 Years4.75%
5 Years1.58%
3 Years-0.23%
Last Year6.15%

FRST Recent Earnings

Primis Financial Corp. (FRST) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 2/12 qtrs (25%)●Beat Revenue 7/12 qtrs (88%)
Q2 2026Latest
Apr 23, 2026
EPS
$0.33
Est $0.32
+3.1%
Revenue
$44M
Est $44M
-0.2%
Q2 2026
Mar 16, 2026
EPS
$1.20
Revenue
$103M
Q1 2026
Jan 29, 2026
EPS
$0.10
Est $0.34
-70.6%
Revenue
$78M
Est $30M
+161.3%
Q4 2025
Oct 23, 2025
EPS
$0.28
Est $0.32
-12.5%
Revenue
$41M
Est $30M
+35.7%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 23, 2026
$0.33vs $0.32+3.1%
$44Mvs $44M-0.2%
Q2 2026Mar 16, 2026
$1.20
$103M
Q1 2026Jan 29, 2026
$0.10vs $0.34-70.6%
$78Mvs $30M+161.3%
Q4 2025Oct 23, 2025
$0.28vs $0.32-12.5%
$41Mvs $30M+35.7%
Based on last 12 quarters of dataView full earnings history →

FRST Peer Comparison

Primis Financial Corp. (FRST) competitors in Specialty finance and niche lenders — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
NBTB logoNBTBNBT Bancorp Inc.Direct Competitor2.36B45.2013.5710.36%9.51%0.17
UVSP logoUVSPUnivest Financial CorporationDirect Competitor1.1B38.7612.273.58%9.82%0.37
CZWI logoCZWICitizens Community Bancorp, Inc.Direct Competitor202.59M21.0414.41-9.41%7.81%0.28
MNSB logoMNSBMainStreet Bancshares, Inc.Direct Competitor175.12M23.3613.27-1.44%7.26%0.32
NKSH logoNKSHNational Bankshares, Inc.Direct Competitor233.78M36.7114.747.88%9.04%0.01
CARE logoCARECarter Bankshares, Inc.Product Competitor579.93M26.1718.696.24%7.65%0.43
FXNC logoFXNCFirst National CorporationProduct Competitor248.63M27.5014.0327.11%9.98%0.23
BCML logoBCMLBayCom CorpProduct Competitor328.37M30.1013.813%7.18%0.07

Compare FRST vs Peers

Primis Financial Corp. (FRST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NBTB

Most directly comparable listed peer for FRST.

Scale Benchmark

vs ICE

Larger-name benchmark to compare FRST against a more recognizable public peer.

Peer Set

Compare Top 5

vs NBTB, UVSP, CZWI, MNSB

FRST Income Statement

Primis Financial Corp. (FRST) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income67.92M91.07M83.6M91.56M94.1M101.7M98.71M104.22M111.43M
NII Growth %68.47%34.08%-8.2%9.52%2.78%8.07%-2.94%5.58%6.91%
Net Interest Margin %2.6%3.37%3.07%2.96%2.76%2.85%2.56%2.82%2.75%
Interest Income83.57M118.91M120.52M117.69M113.14M123.29M192.62M210.97M200.44M
Interest Expense15.65M27.84M36.92M26.14M19.04M21.59M93.91M106.75M89.01M
Loan Loss Provision7.87M1.59M-1.19M19.45M-5.8M11.27M32.54M50.62M12.29M
Non-Interest Income5.02M8.48M9.86M13.7M10.56M18.35M45.25M43.14M112.16M
Non-Interest Income %5.66%6.66%7.56%10.43%8.54%12.96%19.02%16.98%35.88%
Total Revenue
88.59M▲ 0%
127.39M▲ 43.8%
130.38M▲ 2.3%
131.4M▲ 0.8%
123.71M▼ 5.9%
141.64M▲ 14.5%
237.87M▲ 67.9%
254.11M▲ 6.8%
312.6M▲ 23.0%
Revenue Growth %74.87%43.8%2.35%0.78%-5.85%14.49%67.94%6.83%23.02%
Non-Interest Expense49.49M54.65M56.59M67.09M70.9M91.45M122.6M125.64M138.74M
Efficiency Ratio55.87%42.9%43.4%51.06%57.31%64.56%51.54%49.44%44.38%
Operating Income
15.57M▲ 0%
43.3M▲ 178.1%
38.05M▼ 12.1%
18.72M▼ 50.8%
39.57M▲ 111.4%
17.33M▼ 56.2%
-11.18M▼ 164.5%
-28.9M▼ 158.5%
72.55M▲ 351.0%
Operating Margin %17.58%33.99%29.19%14.24%31.98%12.24%-4.7%-11.37%23.21%
Operating Income Growth %1.07%178.1%-12.13%-50.82%111.4%-56.19%-164.5%-158.55%351.03%
Pretax Income
15.57M▲ 0%
43.3M▲ 178.1%
38.05M▼ 12.1%
18.72M▼ 50.8%
39.57M▲ 111.4%
17.33M▼ 56.2%
-11.18M▼ 164.5%
-28.9M▼ 158.5%
72.55M▲ 351.0%
Pretax Margin %17.58%33.99%29.19%14.24%31.98%12.24%-4.7%-11.37%23.21%
Income Tax13.15M9.61M5.89M4.14M8.68M3.19M-1.07M-4.24M14.71M
Effective Tax Rate %84.43%22.2%15.48%22.12%21.95%18.38%9.54%14.66%20.28%
Net Income
2.42M▲ 0%
33.69M▲ 1289.3%
33.17M▼ 1.6%
22.98M▼ 30.7%
31.11M▲ 35.4%
14.15M▼ 54.5%
-7.83M▼ 155.4%
-16.2M▼ 106.9%
61.44M▲ 479.2%
Net Margin %2.74%26.45%25.44%17.49%25.15%9.99%-3.29%-6.38%19.66%
Net Income Growth %-76.48%1289.32%-1.56%-30.72%35.4%-54.53%-155.36%-106.91%479.16%
Net Income (Continuing)2.42M33.69M32.16M14.58M30.88M14.15M-10.11M-24.66M57.84M
EPS (Diluted)
0.13▲ 0%
1.39▲ 969.2%
1.36▼ 2.2%
0.96▼ 29.4%
1.26▲ 31.3%
0.57▼ 54.8%
-0.32▼ 156.1%
-0.66▼ 106.3%
2.49▲ 477.3%
EPS Growth %-84.34%969.23%-2.16%-29.41%31.25%-54.76%-156.14%-106.25%477.27%
EPS (Basic)0.131.401.380.961.280.58-0.32-0.662.49
Diluted Shares Outstanding18.68M24.27M24.32M24.36M24.6M24.67M24.69M24.69M24.68M

FRST Balance Sheet

Primis Financial Corp. (FRST) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments184.43M171.19M196.75M349.42M801.5M314.17M305.97M243.22M181.07M
Cash & Due from Banks23.75M27.82M31.93M196.19M530.17M77.86M77.55M64.5M143.61M
Short Term Investments160.67M143.38M164.82M153.23M271.33M236.31M228.42M178.72M171.38M
Total Investments2.32B2.41B2.42B2.61B2.61B3.19B3.48B3.34B3.74B
Investments Growth %127.9%3.83%0.49%7.96%-0.31%22.51%9.08%-4.2%12.03%
Long-Term Investments2.16B2.27B2.26B2.46B2.33B2.96B3.25B3.16B3.6B
Accounts Receivables008.21M20M11.88M0000
Goodwill & Intangibles110.8M110.56M109.14M107.78M106.42M118.33M106.12M102.19M93.5M
Goodwill100.75M101.95M101.95M101.95M101.95M104.61M93.46M93.46M93.46M
Intangible Assets10.05M8.61M7.19M5.83M4.46M13.72M12.66M8.73M36K
PP&E (Net)35.79M32.35M39.2M37.82M36.28M30.59M31.26M29.71M71.67M
Other Assets106.61M106.95M100.52M98.19M104.72M127.34M136.72M131.05M120.47M
Total Current Assets184.43M171.19M204.96M369.42M813.38M314.17M305.97M243.22M143.61M
Total Non-Current Assets2.43B2.53B2.52B2.72B2.59B3.25B3.55B3.45B3.9B
Total Assets
2.61B▲ 0%
2.7B▲ 3.3%
2.72B▲ 0.8%
3.09B▲ 13.5%
3.41B▲ 10.3%
3.57B▲ 4.7%
3.86B▲ 8.1%
3.69B▼ 4.3%
4.05B▲ 9.7%
Asset Growth %128.83%3.33%0.77%13.46%10.32%4.68%8.13%-4.32%9.68%
Return on Assets (ROA)0.13%1.27%1.22%0.79%0.96%0.41%-0.21%-0.43%1.59%
Accounts Payable000000000
Total Debt407.75M238.73M199.68M239.63M211.49M432.52M160.72M128.56M262.17M
Net Debt383.99M210.92M167.75M43.45M-318.68M354.67M83.17M64.05M118.56M
Long-Term Debt56.66M56.67M56.68M215.33M195.03M420.31M145.99M113.07M157.5M
Short-Term Debt351.08M182.06M134.52M16.07M9.96M6.45M3.04M3.92M43.33M
Other Liabilities18.58M16.67M20.54M25.88M20.77M22.7M28.08M25.54M1.2B
Total Current Liabilities2.22B2.28B2.26B2.45B2.77B2.73B3.27B3.17B2.2B
Total Non-Current Liabilities75.24M73.34M85.69M249.45M222.29M448.78M185.75M150.18M1.42B
Total Liabilities2.29B2.35B2.34B2.7B3B3.18B3.46B3.33B3.62B
Total Equity
322.77M▲ 0%
348.29M▲ 7.9%
377.24M▲ 8.3%
390.55M▲ 3.5%
411.88M▲ 5.5%
388.97M▼ 5.6%
397.59M▲ 2.2%
364.98M▼ 8.2%
422.9M▲ 15.9%
Equity Growth %155.47%7.91%8.31%3.53%5.46%-5.56%2.22%-8.2%15.87%
Equity / Assets (Capital Ratio)12.35%12.89%13.86%12.64%12.09%10.91%10.31%9.89%10.45%
Return on Equity (ROE)1.08%10.04%9.14%5.99%7.75%3.53%-1.99%-4.25%15.6%
Book Value per Share17.2714.3515.5116.0316.7415.7716.1114.7817.13
Tangible BV per Share11.349.7911.0211.6112.4210.9711.8110.6413.35
Common Stock239K240K241K243K245K246K247K247K247K
Additional Paid-in Capital304.93M305.65M306.75M308.87M311.13M312.72M313.55M314.69M316.51M
Retained Earnings18.75M44.98M69.46M77.96M97.56M101.85M84.14M58.05M109.62M
Accumulated OCI-1.15M-2.59M783K3.48M1.11M-25.85M-21.78M-21.23M-2.67M
Treasury Stock00000000-807K
Preferred Stock000000000

FRST Cash Flow Statement

Primis Financial Corp. (FRST) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations24.59M41.44M36.76M26.2M27.32M12.43M28.82M19.53M10.77M
Operating CF Growth %36.42%68.54%-11.28%-28.74%4.27%-54.48%131.77%-32.23%-44.87%
Net Income2.42M33.69M32.16M14.58M31.02M14.15M-10.11M-24.66M61.44M
Depreciation & Amortization4.63M7.4M8.18M8.19M8.04M7.43M9.09M8.93M0
Deferred Taxes9.69M3.12M1.48M-1.41M6.05M-3.3M-3.7M-4.27M0
Other Non-Cash Items5.22M-359K-4.84M12.53M-10.48M-16.82M33.4M42.7M-60.56M
Working Capital Changes2.38M-2.7M-645K-9.24M-8.06M10.58M-577K-4.1M9.89M
Cash from Investing-62.01M-93.7M-5.02M-200.81M10.53M-616.86M-312.76M108.3M-158.22M
Purchase of Investments-13.2M0-60.4M-54.13M-160.53M-39.44M-15.88M-43.07M0
Sale/Maturity of Investments23.84M20.32M61.29M98.38M57.54M50.47M29.4M38.15M0
Net Investment Activity10.64M20.32M894K44.24M-102.99M11.03M13.52M-4.91M0
Acquisitions24.02M0000-4.55M000
Other Investing-95.24M-112.04M-4.81M-243.97M115.97M-622.32M-324.35M114.4M-158.22M
Cash from Financing15.49M55.4M-28.43M338.87M296.21M152.1M283.63M-140.88M226.55M
Dividends Paid-5.8M-7.69M-8.69M-9.74M-9.81M-9.85M-9.88M-9.89M-9.87M
Share Repurchases000-135K-14K-11K-31K-4K-807K
Stock Issued000709K000015K
Net Stock Activity000574K-14K-11K-31K-4K-792K
Debt Issuance (Net)1000K-1000K-1000K1000K-1000K1000K-1000K-1000K1000K
Other Financing-195.8M232.11M27.8M307.89M332.14M-43.78M568.14M-97.78M215M
Net Change in Cash
-21.93M▲ 0%
3.15M▲ 114.4%
3.32M▲ 5.4%
164.26M▲ 4852.0%
333.98M▲ 103.3%
-452.31M▼ 235.4%
-306K▲ 99.9%
-13.05M▼ 4164.1%
79.1M▲ 706.2%
Exchange Rate Effect000000000
Cash at Beginning47.39M25.46M28.61M31.93M196.19M530.17M77.86M77.55M64.5M
Cash at End25.46M28.61M31.93M196.19M530.17M77.86M77.55M64.5M143.61M
Interest Paid14.57M26.13M36M27.99M20.23M20.19M91.82M107.2M0
Income Taxes Paid3.67M6.67M4.9M7.69M6.15M3.05M5.75M2.34M0
Free Cash Flow
23.16M▲ 0%
39.47M▲ 70.4%
35.66M▼ 9.6%
25.11M▼ 29.6%
24.86M▼ 1.0%
11.42M▼ 54.1%
26.89M▲ 135.5%
18.34M▼ 31.8%
9.03M▼ 50.7%
FCF Growth %29.54%70.4%-9.64%-29.58%-1.02%-54.05%135.46%-31.82%-50.74%

FRST Banking Ratios

Primis Financial Corp. (FRST) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)8.38%1.08%10.04%9.14%5.99%7.75%3.53%-1.99%-4.25%15.6%
Return on Assets (ROA)0.95%0.13%1.27%1.22%0.79%0.96%0.41%-0.21%-0.43%1.59%
Net Interest Margin3.53%2.6%3.37%3.07%2.96%2.76%2.85%2.56%2.82%2.75%
Efficiency Ratio42.85%55.87%42.9%43.4%51.06%57.31%64.56%51.54%49.44%44.38%
Equity / Assets11.06%12.35%12.89%13.86%12.64%12.09%10.91%10.31%9.89%10.45%
Book Value / Share10.1717.2714.3515.5116.0316.7415.7716.1114.7817.13
NII Growth10.08%68.47%34.08%-8.2%9.52%2.78%8.07%-2.94%5.58%6.91%
Dividend Payout38.02%239.09%22.82%26.2%42.37%31.52%69.64%--16.07%

FRST SEC Filings & Documents

Primis Financial Corp. (FRST) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 23, 2026·SEC

Material company update

Jan 29, 2026·SEC

Material company update

Dec 18, 2025·SEC

10-K Annual Reports

3
FY 2026

Mar 16, 2026·SEC

FY 2025

Apr 29, 2025·SEC

FY 2024

Oct 15, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 11, 2025·SEC

FY 2025

May 14, 2025·SEC

FRST Frequently Asked Questions

Primis Financial Corp. (FRST) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Primis Financial Corp. (FRST) grew revenue by 23.0% over the past year. This is strong growth.

Yes, Primis Financial Corp. (FRST) is profitable, generating $61.4M in net income for fiscal year 2025 (19.7% net margin).

Dividend & Returns

Yes, Primis Financial Corp. (FRST) pays a dividend with a yield of 2.72%. This makes it attractive for income-focused investors.

Primis Financial Corp. (FRST) has a return on equity (ROE) of 15.6%. This is reasonable for most industries.

Industry Metrics

Primis Financial Corp. (FRST) has a net interest margin (NIM) of 2.8%. NIM has been under pressure due to interest rate environment.

Primis Financial Corp. (FRST) has an efficiency ratio of 44.4%. This is excellent, indicating strong cost control.

Explore More FRST

Primis Financial Corp. (FRST) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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